Another interesting automaker pick included in the list is Ford Motor Co. (NYSE:F). 33 hedge funds own equity holdings in this company as of the end of the latest quarter compared to 45 at the end of 2014. The value of these holdings also plummeted, decreasing to $832.06 million from $1.03 billion. Ford Motor Co. (NYSE:F)’s CEO, Mark Fields, has recently declared that the company intends to design a self-driving car that would be accessible to everyone, not just the rich. Moreover, in spite of Ford’s tough competition in the fast-growing Chinese market, Fields claims that the company has been delivering strong results in China, achieving a record market share of 4.5%. Although Ford’s stock has been on a downtrend recently, the slightly more than 1% decline it its share price since the beginning of the year might represent a good buying opportunity for investors. A number of hedge funds, such as Jerome Debs’ Bodri Capital Management and Ken Heebner’s Capital Growth Management, are among the funds that seem to believe in Ford Motor Co. (NYSE:F)’s future performance
The fourth place on our list of top five top automaker stocks goes to Tesla Motors Inc. (NASDAQ:TSLA). The number of hedge funds holding equity stakes in the electric-car maker increased to 29 from 25. However, the total value of the stakes was reduced by 24% during the first quarter, decreasing to $1.04 billion from $1.38 billion. Despite the fact that the stock has increased by over 11% since the start of 2015, the price can go even higher in the upcoming months as the company unveils its secret weapon, a mobile retail store. Therefore, Tesla Motors, Inc. (NASDAQ:TSLA) will be able to meet its customers at different locations and will be able to enhance the company’s revenue streams, since the demand for their cars can be met only in the relatively limited number of Tesla retail stores. Daniel Benton’s Andor Capital Management is one of the hedge funds that still owns a sizable stake in Tesla Motors, Inc. (NASDAQ:TSLA).
Tata Motors Limited (NYSE:TTM) is the fifth of five automaker stocks on our list. The fund ownership rose by over 26% during the last quarter, increasing to 24 from 19. By the same token, the value of the total fund ownership increased to $716.73 million from $626.18 million. A while ago, Tata Motors Limited (NYSE:TTM) announced the launch of the latest version of its Indian mini-car, called GenX Nano. The company is planning on exploiting the emerging market of India by selling the mini-car priced under $5,000. Moreover, Societe Generale has recently upgraded the stock to “Buy” from “Neutral”, which clearly indicates that Tata Motors is likely to benefit from the launch of the above-mentioned mini-car. Since the stock has been on a downtrend throughout the recent months, it seems that now is the right time to buy this promising stock. Richard Driehaus’ Driehaus Capital and Ken Fisher’s Fisher Asset Management are among the hedge funds that increased their holdings in Tata Motors Limited (NYSE:TTM) during the first quarter.
Disclosure: None
